Can I retire at age 73 with 666,000?

Use the below retirement simulation to view the chances of a successful retirement.
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $666,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$54,998$54,508$54,030$53,563$53,108$52,401
2 years$27,227$26,719$26,228$25,752$25,289$24,578
3 years$17,971$17,461$16,971$16,499$16,045$15,351
4 years$13,344$12,836$12,351$11,887$11,443$10,773
5 years$10,568$10,064$9,585$9,130$8,699$8,054
6 years$8,719$8,218$7,746$7,302$6,883$6,264
7 years$7,398$6,901$6,437$6,003$5,598$5,005
8 years$6,408$5,916$5,459$5,036$4,644$4,078
9 years$5,638$5,151$4,702$4,289$3,911$3,370
10 years$5,023$4,540$4,099$3,697$3,332$2,817
11 years$4,520$4,042$3,609$3,218$2,866$2,376
12 years$4,101$3,628$3,203$2,823$2,483$2,018
13 years$3,746$3,278$2,861$2,492$2,166$1,724
14 years$3,443$2,980$2,571$2,212$1,898$1,480
15 years$3,180$2,722$2,321$1,973$1,672$1,276
16 years$2,951$2,498$2,105$1,766$1,477$1,103
17 years$2,748$2,300$1,915$1,587$1,310$957
18 years$2,569$2,125$1,748$1,430$1,165$832
19 years$2,408$1,970$1,600$1,292$1,038$725
20 years$2,264$1,830$1,469$1,170$927$632
21 years$2,133$1,705$1,351$1,062$830$553
22 years$2,015$1,592$1,245$966$744$484
23 years$1,907$1,489$1,150$880$668$424
24 years$1,808$1,395$1,063$802$600$372
25 years$1,717$1,309$985$733$540$326
26 years$1,633$1,230$913$670$486$287
27 years$1,556$1,158$848$613$439$252
28 years$1,484$1,091$788$562$396$222
29 years$1,418$1,029$734$515$357$195
30 years$1,356$972$683$473$323$172
31 years$1,298$919$637$434$292$151
32 years$1,244$869$594$399$264$133
33 years$1,193$823$555$367$239$118
34 years$1,145$780$519$338$216$104
35 years$1,100$740$485$311$196$91
36 years$1,058$702$454$286$178$81
37 years$1,018$667$425$264$161$71
38 years$980$634$398$243$146$63
39 years$944$603$372$224$132$55
40 years$911$574$349$207$120$49
41 years$878$546$327$191$109$43
42 years$848$520$307$176$99$38
43 years$819$495$288$163$90$34
44 years$791$472$270$150$81$30
45 years$765$450$254$139$74$26
46 years$740$430$239$128$67$23
47 years$716$410$224$118$61$20
48 years$693$391$211$109$55$18
49 years$671$374$198$101$50$16
50 years$650$357$186$93$46$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $666,000, adding $4,246 every year, while hoping to spend $29,124 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 78/14/8 Blend
72$666,000$666,000$666,000$666,000
73$738,312$703,014$692,691$794,749
74$782,632$706,474$684,908$835,861
75$830,496$709,127$675,889$876,734
76$882,236$710,904$665,560$920,705
77$938,215$711,729$653,847$968,067
78$998,833$711,523$640,671$1,019,147
79$1,064,528$710,202$625,948$1,074,303
80$1,135,784$707,676$609,591$1,133,931
81$1,213,133$703,851$591,512$1,198,465
82$1,297,159$698,626$571,613$1,268,386
83$1,388,504$691,894$549,797$1,344,221
84$1,487,876$683,541$525,960$1,426,555
85$1,596,053$673,448$499,993$1,516,029
86$1,713,891$661,488$471,784$1,613,351
87$1,842,333$647,525$441,213$1,719,302
88$1,982,414$631,417$408,157$1,834,742
89$2,135,277$613,014$372,487$1,960,620
90$2,302,178$592,154$334,068$2,097,979
91$2,484,499$568,668$292,758$2,247,974
92$2,683,763$542,378$248,411$2,411,873
93$2,901,646$513,095$200,872$2,591,078
94$3,139,994$480,616$149,981$2,787,131
95$3,400,839$444,731$95,571$3,001,735
96$3,686,417$405,216$37,465$3,236,766
97$3,999,193$361,833$0$3,494,292
98$4,341,880$314,332$0$3,778,688
99$4,717,466$262,449$0$4,093,920
100$5,129,243$205,904$0$4,439,577